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Startup Field Getting Crowded, Outlook for Funding Is Murky

TECHNOLOGY: New Tech Businesses Employ 500 People; Software Is King

Despite declining VC support and the lousy economy, the area’s high-tech industry continues to grow here, said Kelly Cunningham, an economist with National University System Institute for Policy Research. The most recent analysis of state data (based on 2011 first quarter) showed San Diego was home to about 6,050 high-tech companies that employed more than 140,000 people. That compared to 2010 when Cunningham tabulated local high-tech companies at just over 6,000 and total employment at nearly 139,000.